Effective governance, financial markets, financial institutions & crises

Balasingham Balachandran, Barry Williams

Research output: Contribution to journalReview ArticleResearchpeer-review

2 Citations (Scopus)

Abstract

This paper extends the work of Balachandran and Faff (2015) and reviews the literature on effective governance, financial markets, institutions, and crises. Specifically, we discuss the various monitoring mechanisms including independent directors, institutional investors, market for corporate control, and their effect on value creation. We further explore the important connection between the role of financial institutions as delegated monitors and the associated issues of bank governance, bank capital and systemic risk. Finally, our paper encompasses and highlights the papers featured in this special issue on the theme “Financial Markets, Institutions, governance and Crises”.

Original languageEnglish
Pages (from-to)1-15
Number of pages15
JournalPacific Basin Finance Journal
Volume50
DOIs
Publication statusPublished - 1 Sep 2018

Keywords

  • Executive incentive
  • Firm value
  • Governance
  • Monitoring

Cite this

@article{bffcf54e28b6437f9b7108eb5cb1b60c,
title = "Effective governance, financial markets, financial institutions & crises",
abstract = "This paper extends the work of Balachandran and Faff (2015) and reviews the literature on effective governance, financial markets, institutions, and crises. Specifically, we discuss the various monitoring mechanisms including independent directors, institutional investors, market for corporate control, and their effect on value creation. We further explore the important connection between the role of financial institutions as delegated monitors and the associated issues of bank governance, bank capital and systemic risk. Finally, our paper encompasses and highlights the papers featured in this special issue on the theme “Financial Markets, Institutions, governance and Crises”.",
keywords = "Executive incentive, Firm value, Governance, Monitoring",
author = "Balasingham Balachandran and Barry Williams",
year = "2018",
month = "9",
day = "1",
doi = "10.1016/j.pacfin.2018.07.006",
language = "English",
volume = "50",
pages = "1--15",
journal = "Pacific Basin Finance Journal",
issn = "0927-538X",
publisher = "Elsevier",

}

Effective governance, financial markets, financial institutions & crises. / Balachandran, Balasingham; Williams, Barry.

In: Pacific Basin Finance Journal, Vol. 50, 01.09.2018, p. 1-15.

Research output: Contribution to journalReview ArticleResearchpeer-review

TY - JOUR

T1 - Effective governance, financial markets, financial institutions & crises

AU - Balachandran, Balasingham

AU - Williams, Barry

PY - 2018/9/1

Y1 - 2018/9/1

N2 - This paper extends the work of Balachandran and Faff (2015) and reviews the literature on effective governance, financial markets, institutions, and crises. Specifically, we discuss the various monitoring mechanisms including independent directors, institutional investors, market for corporate control, and their effect on value creation. We further explore the important connection between the role of financial institutions as delegated monitors and the associated issues of bank governance, bank capital and systemic risk. Finally, our paper encompasses and highlights the papers featured in this special issue on the theme “Financial Markets, Institutions, governance and Crises”.

AB - This paper extends the work of Balachandran and Faff (2015) and reviews the literature on effective governance, financial markets, institutions, and crises. Specifically, we discuss the various monitoring mechanisms including independent directors, institutional investors, market for corporate control, and their effect on value creation. We further explore the important connection between the role of financial institutions as delegated monitors and the associated issues of bank governance, bank capital and systemic risk. Finally, our paper encompasses and highlights the papers featured in this special issue on the theme “Financial Markets, Institutions, governance and Crises”.

KW - Executive incentive

KW - Firm value

KW - Governance

KW - Monitoring

UR - http://www.scopus.com/inward/record.url?scp=85050739393&partnerID=8YFLogxK

U2 - 10.1016/j.pacfin.2018.07.006

DO - 10.1016/j.pacfin.2018.07.006

M3 - Review Article

VL - 50

SP - 1

EP - 15

JO - Pacific Basin Finance Journal

JF - Pacific Basin Finance Journal

SN - 0927-538X

ER -